Thomas H. Sullivan
Attorney at Law
Does Your Estate Plan Protect Your Adult Beneficiaries?
Posted on: June 17th, 2019
If you think you only need to create discretionary lifetime trusts for young, troubled, or financially inexperienced beneficiaries, then think again. In this day and age of frivolous lawsuits and high divorce rates, discretionary lifetime trusts should be considered for all of your beneficiaries, minors and adults alike....
Discretionary Trusts -- How to Protect Your Beneficiaries from Bad Decisions and Outside Influences
Posted on: June 10th, 2019
Although leaving your hard-earned assets outright to your children, grandchildren, or other beneficiaries after you die may seem like the easiest and most desired form of distribution, this scheme will make their inheritance easy prey for creditors, predators, and divorcing spouses. Instead, consider using discretionary trusts for the benefit of each of your beneficiaries....
4 Tips for Avoiding a Will or Trust Contest
Posted on: June 3rd, 2019
A will or trust contest can derail your final wishes, rapidly deplete your estate, and tear your loved ones apart. But with proper planning, you can help your family avoid a potentially disastrous will or trust contest. ...
What does a discretionary trust mean?
Posted on: April 22nd, 2019
Sometimes giving assets outright to a beneficiary – such a child, a grandchild or a special needs loved one – is not the ideal method of distributing assets in an estate plan. In such a scenario, a discretionary trust can be a good estate planning tool. Below is some basic information on discretionary trusts and how they may be beneficial to your particular family’s needs....
Just Like You Need a Medical Checkup, Your Estate Plan Needs a Checkup!
Posted on: April 12th, 2019
Whether or not you currently have estate planning documents, one important item to add to your calendar is getting an estate plan checkup....
Is a delayed inheritance really an enhanced inheritance?
Posted on: March 17th, 2019
Whether you have accumulated a little or a lot of wealth over your lifetime, it is likely that you have some particular thoughts on how you would like those assets to be used by loved ones after your death. Maybe you would like the assets to be used as a down payment on a home, be applied toward college tuition, or fund a dream vacation. Unfortunately, without specific guidance from you, money that is left outright to your loved ones probably won’t be used the way you would like....